The return achieved by an asset over a specific time period contrasted to a benchmark; computed as the difference between the absolute return reached by the asset and the return re ...

A detailed summary of the environmental issues found on a property during a site characterization and outlines a plan of action that illustrates which remedies will be used to achi ...

A clause giving a tenant the right to extend the term of a lease.

The expected trend in market rental rates over the period of analysis, expressed as an annual percentage increase.

Cash or cash equivalents expended by the landlord in the form of rental abatement, additional tenant finish allowance, moving expenses or other monies expended to influence or pers ...

The expected trend in market rental rates over the period of projection, expressed as an annual percentage increase.

A tenant’s pro rata share of the entire building, excluding elements of a building that penetrate through the floor to areas below, such as stairs and elevators; measurement ...

The amount of space under lease in a building.

The period following construction of a new building when tenants are actively being sought and the project is approaching its stabilized occupancy.

An amount of money held to be used for later known or unknown expenditures.  It may be held in an account controlled by the operating partner or a lender.